The Bank of Canada's Governor, Tiff Macklem, has stated that investments in artificial intelligence (AI) could lead to increased inflationary pressure in the short term and pose financial stability risks. AI could also impact how businesses set prices. There is evidence suggesting that companies with a higher degree of digitalization adjust prices more frequently than those with a lower degree of digitalization.

Macklem believes that "central banks need to carefully monitor how AI impacts inflation, both indirectly through aggregate demand and supply, and directly through pricing behavior."